Showing 1 - 10 of 1,351
Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots …
Persistent link: https://www.econbiz.de/10013158140
, we use panel unit root tests of the first and second generation allowing in some cases for structural breaks. We also … apply modern panel cointegration techniques developed by Pedroni (1999, 2004), generalized by Banerjee and Carrion … panel set, and within some sub-periods …
Persistent link: https://www.econbiz.de/10013316576
We use a novel quarterly dataset of U.S. states to examine the dynamics and determinants of relative government spending multipliers in the decade surrounding the Great Recession. We find average multipliers that are similar to those that have been reported for the decades preceding the crisis,...
Persistent link: https://www.econbiz.de/10012954356
In this paper we suggest that Eurozone countries face a policy trade-off among: 1) a common rule imposing co-movements in fiscal policy; 2) financial stability; and 3) financial integration. We provide empirical evidence documenting the existence of such a trade-off in the period characterized...
Persistent link: https://www.econbiz.de/10013020581
the estimation of long-run effects in dynamic heterogeneous panel data models with cross-sectionally dependent errors. The …
Persistent link: https://www.econbiz.de/10013071384
develop tests for threshold effects in the context of dynamic heterogeneous panel data models with cross-sectionally dependent …
Persistent link: https://www.econbiz.de/10013019040
We estimate spillover effects of a fiscal shock in one member country in the euro area on outputs of the rest of the members, using a Global Vector Autoregression (GVAR) model. We compare the effects of a domestic fiscal shock with those of a similar size area-wide shock expressed as a weighted...
Persistent link: https://www.econbiz.de/10013101197
specific panel unit root test to investigate the mean-reverting behaviour of general government expenditures and revenues … ratios. Secondly, we apply the bootstrap panel cointegration techniques that account for the time series and cross … and revenues via SUR analysis. While results imply that public finances were not unsustainable for the EU panel, fiscal …
Persistent link: https://www.econbiz.de/10012770443
This paper describes the empirical evidence on partisan politics in OECD panel studies. I elaborate on the research …. Discussing about 100 panel data studies, the results indicate that leftwing and rightwing governments pursued different economic …
Persistent link: https://www.econbiz.de/10012984496
We examine the economic and social determinants of suicide mortality in a panel of 25 OECD countries over the period …
Persistent link: https://www.econbiz.de/10013315586